Kazakis: Neutral interest rate level is not the main issue, the focus is on preventing the second round effect
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The European Central Bank's Managing Director, Zack, stated that the exact level of neutral interest rates is not the main issue at present and that a second round effect must be prevented.
The US Treasury Department has imposed sanctions on a cryptocurrency exchange that provides Bitcoin payment services for ships in the Strait of Hormuz, Iran.
Chain detective ZachXBT posted that the wallet address associated with 7zarc received 4870 ETH (approximately $15 million), with funds sourced from the Raidparty project's approximately $70 million exit scam related address. Subsequently, this portion of ETH was transferred to multiple centralized exchanges. ZachXBT pointed out that 7zarc will be reactivated in September 2026 after disappearing in 2022, and requested an explanation for the flow of funds.
Evernorth, an XRP treasury management company, has completed a $30 million convertible bond financing with participation from NH Investment&Securities. The funds will be used to purchase XRP spot before the company merges with SPAC and goes public on NASDAQ under the code "XRPN".
Evernorth raised $30 million from South Korean institutional investor NH Investment&Securities through convertible notes, subject to the completion of the SPAC merger. The funds will be used to acquire XRP prior to its listing on Nasdaq.
Willy Woo, an analyst of Bitcoin, said that Bitcoin would not succeed without all previous foam. The foam is an advertising tool for emerging assets, accelerating the adoption and infrastructure construction. Willy Woo said that the Internet foam has built a lot of infrastructure that is still in use today, and the same thing is happening in the AI field.
